tv [untitled] July 29, 2011 8:00am-8:30am EDT
join me the children's movie that's really going straight into the ground in period when the doors were still close coromandel you can the it's a little closer to the church it's a duty to go and. run the city the colonel was neutral as a retreat. we should a bumpy two degrees from the euro zone long ago. we agreed to drain away these all in spain the country's credit rating prepares for the worst because of its near as unstable weight instability germany refuses to sign blank checks on the jump box. deadline and she's day but still no sign of a decision in the us debt dialin there was rival parties wrestle a verse that you should america's the biggest lended china loses its patience to say. they've been given the truth and the truth is bearable.
poland reluctantly admits being chiefly responsible for the plane crash that killed the nation's president last year but still tries to shift some play to russia. on the square root of civil unrest thousands of hours in israel's public coffers demanding better the having conditions with concerns that there is that's a rare uprising that saw egypt be balanced it's. a very warm welcome to you this is our see live from moscow with me on this have it one of the big credit rating agencies is warning that it's reviewing spain's status among the main reasons is the pressure it's under over the bailouts of the greece are things that in the going to show is madrid for us it is this the domino effect which economists have been warning us about. well by the looks of it it very well
could be in fact moody's has just announced that it wanted to downgrade spain's rating and though they said they may do it may do it and downgraded just by one notch it's still sent the economic same sort of a flurry of spain's bonds have already fallen by several percent and the euro has fallen as well now this of course is happening to the fourth largest economy in the eurozone and you would think it should be better off but spain has been flagged by some very serious economic problems there's of course the the very large outstanding debts as well as the other again showing unemployment problems in fact spain has one of the highest unemployment ratings in europe and the highest youth unemployment rate in the eurozone it's over forty percent so of course the countries. scurrying to try and keep it itself flowed but it's not really working out that well by looks of it and of course this comes right in the tail of news
about. pull out this week figure out in a percentage case in this particular instance with greece is that the private sector has also been covered by this bailout which is about one hundred nine billion euros a but still is this leaves a lot of other countries in trouble we're already used to hearing about this so-called big c. countries. in. being an economic bros and that of course is portugal ireland greece and spain and now italy is also looking at some major issues as far as their economy is concerned by now also the the heavy drivers of the european economy the frat france and germany are also finding themselves in sort of hot water because. just recently in the i.m.f. has said that france has some words been too optimistic about the evaluation of its prognosis and actually may not be as well off as the french authorities. have hoped
to have hope the country to be so that leaves germany and germany is already bearing the brunt of basically pulling the entire european economic structure out of the sinking hole that is that it's finding itself in the recently and just recently german foreign minister i'm sorry just recently did for the german at finances minister sent an open letter to the parliament encouraging them not to be in any hurry to approve the bailout plan for greece because the country's essentially being stuck with cleaning up the mess after the economic upheaval that is running through the eurozone right now and of course this is all coming right when the voices of this content among the eurozone critics among the euro skeptics are growing louder and louder in fact they're saying that the euro. zone critics are saying that while initially the euro zone was great it with the hope of pulling up the weaker economies quite the opposite is happening the weaker economies are
going down and they're dragging down the stronger economies with them so this latest forecast from moody's is actually not good news but on the on right in the opposite very bad news for the eurozone and for the euro as well if you have any thoughts about having a good life for us from the dreads. well the euro crisis is one of the smaller play is anger and disappointment in slovakia as one of the poorest countries is pressure to chip in to bail out its troubled neighborhoods. as cost of the u.s. now with the clock ticks towards tuesday squabbling lawmaking so-called green on how to stop america's massive debt from falling off a cliff and into falls and china angry america's biggest lender is being dangerously irresponsible investment analyst peter schiff says we could see china double the dollar as its main reserve currency we can't afford bad relations with
china beijing holds the cards you know we're dancing to the tune that they play the real problem for china is that there's no way that america can pay back the money that the chinese have already loan just literally just not going to happen especially when interest rates rise i'm surprised it's taken the chinese so long to figure out that they've been throwing a lot of good money after bad i don't think we're going to fall i think we're going to inflate which is just as bad but you know we're going to raise the debt ceiling that problem is the debt not the ceiling this soon or the chinese stock stop enabling this phony economy that we have the sooner we as americans can begin to repair the damage and what's going to happen is where the dollar collapses americans are going to see a big reduction in our standards of living. thank you or do you let us know what you think folder at r.t. dot com right now it is dave hall for view we can bring up that graph.
about half of you convinced that there is no choice america has to agree on raising the debt ceiling thirty nine percent. across the nation will send everyone else's economy into freefall and the remaining seven percent as you can see there say that time is running out of bolting on america's doorstep why don't you tell us how you think it will pan out head home run an analysis and give us your veins. the president's investigation into the presidential plane crash last year said the tragedy was caused by its crew but it has also been blamed russia for the catastrophe which killed. the political elite and i guess he had a chance he has more that's from warsaw. well certainly the main highlight of this press conference by the country's interior minister and the commission which was investigating the smolensk tragedy which killed most of the just political leaders that were so openly admitted that the crew of the other presidential plane is
mainly to blame for what happened in april on april the tense two thousand and ten saying that the crew both had very low qualification to operate in such heavy and difficult weather conditions as it was on that day in the earlier by the city of smolensk and also did a serious of underwrites actions that led to this crash also there were many new details which in some way differ from the report published by the interstate aviation commission earlier this year the report which made by the russian investigators in they believe that the potion this again just believed that the airfield in smolensk was very hard to land to land at especially. in those difficult weather conditions and also there were some misleading information for the not serious but still misleading from the air traffic controllers on the ground in smolensk at the same time one of the members of the commission said in his
report that following the reports that the plane initially hit a tree which led to the destruction of the plane in just two seconds time after that he said that it was not the tree which was too long it was that the plane was in the wrong place and this is the direct responsibility of the flight crew. and easing aviation analyst david limits hold r.t. that poland is trying to play more on the tree it's just too hard to accept. the accident was a simple one it's a type of accident that followed a mistake of. countless times before in aviation history this was such a human tragedy such a political tragedy for the polish people that they they've been they've been given the truth and the truth is on bearable they can't take it now i don't think
that the polish investigators think they can pin the blame on anybody else but i do think that they are looking to pin the blame on somebody else. all the details of the tragedy including the first times accounts suffer with this is all available for you at auntie dot com by the time you want and here's what else we got online a huge long standing coal mining crane kill seventy nine miners still falls to be trans at the moment are underground we report on that on line blasts. targets all known or russia's naysay envoy tells r.t. is concerns of the american missile defense program emir of his exclusive interview is in full.
the crowds are back in cairo's tahrir square five months after the ousting of president mubarak thousands of people there in what is one of the largest demonstrations since the uprising well just. as in cairo and he did a featured some light on this for us just back on it many thoughts of being with one of the people demanding their now. well that's an interesting point because the there was a protest planned stay was originally billed as the day of unity and it was a sign that liberal and islam as forces were going to come together to continue their push for some basic democratic rights and into things like that and the sort of. role that the military play politics it's one part well but there's been a bit of a split unity hasn't really held and it was an agreement according to some secular
movement back today would not be there would not be calls for. true much of a religious basis but down in the square i was just out of it before i came here. is a huge number of. muslim brotherhood members but it's deadly to most just let me talk to square has a. time when i've been here and they there's many chants of. islamic identity and this islamic nature of egypt which has caused some friction with the. secular forces who are down but normally the secular forces dominate in toughly if they want to run the green running is sitting there for a month since the clashes that happened at the end of june but today. but islamist and seemed to be this seems to be a little bit of friction you know no follow through it's not going it so more about those divisions that you would need to win the general mood of the people at the
moment we all five months off to the revolution all people feeding dissolution back . i think there's some sense of disillusionment but i don't think people haven't forgotten what a huge achievement was to bring down this to bring down this president mubarak and there's does that really a sense of optimism although now it's mixed with a lot of anxiety he. in the sense that the the liberal the liberal secular forces are worried about a sort of islamist takeover revolution all of the army sort of hijacking in. suppressing the revolution and democracy not coming as a result of either of those some of the. more islamic sect is of society right that it's going to be holding true much of western influence. level. i mean it's a period of have immense uncertainty as mr michael also people perhaps frustrated
not that much and that's the change the current transitional the that we have is actually el capitan rather is actually how often a parent here or people will say we're happy to see this transformation of health and it was expensive. it certainly hasn't been as thorough as fast as people want it has been now you're right a new cabinet has members of the former m.v.p. and people who have the power point but what's most at the moment the cabinet doesn't really have that much talent the real power writers rests the supreme council of the forces which is headed by field marshal time totally who was you know a twenty year ally and close friend or partner he's the guy you know general petraeus for example from america were telling me when he was when he was in egypt there's. not just a matter of who's in charge in terms of freedom of speech is not yet really being enacted perry. has more than one program in jail for criticizing the military.
unfortunately we just seem to have lost connection there with our guest that was austin markel speaking to us from cairo a journalist and blogger speaking to us about the crowds are now back on cairo's tahrir square. a similar show of unrest in neighboring israel public squares in our sea of demonstrators camping out calling for social justice and prime minister netanyahu to go i think a protest planned for saturday will come a senior israeli journalist. says the similarities with egypt are clear. two thirds of the poor in israel are working poor people who are working every day people who have a great chance and still are not able to go above the poverty level so that's a reason that people are coming out of the street if you look at how the protests started it's almost identical to how it started in egypt and internees and other places started through facebook somebody who made
a post on facebook through social media that's how people organize or was organized completely in the beginning by the young people in it's all students people who feel that they have no future people who feel who can't afford living here and here is realizing that this is not the way to go forward and he's trying to figure out ways to deal with it because the government could definitely fold its role and these are ground and i think he is in danger especially that the process there is a growing while israel has been under a building in tel aviv and haifa and all these major cities in israel as well have been overbuilding in the west bank focus of the israeli government at the moment is more sustaining the occupation more sustaining the settlement rather than caring for the majority of the population who actually are close to the lens and oppose occupation and as role proper so that the problem here though is the still too many israelis have not been able to make that connection and the more and the sooner israelis make the connection realise that the education affects their daily life affects the pennies that the government spending the money the government spending
in the west bank verses and i think you will see a real revolution in this sort. well when radicals have declared three days of mourning after their military come along and two things aides were killed and all of us eunice was gunned down hours after grabbing off our jeans reportedly arrested him over his downing suspected ties to telegraph its regime it is that in libya's foreign minister before he defected from the beginning of the revolution the national transitional council glades killing it down in supporters in claims to have invested to head off the group responsible the consequences of the murder will depend on how deep the commanders alleged connections really round as according to one of fallals adviser to america's antiterrorism he called us the consequences of his killing could be either short ramification or vast ramifications if indeed he was only an individual or even a high ranking official who has still relationships with the gadhafi regime then
his killing will be it will be the end of the fourth. if it's the other case is he and others inside the council the interim council of the big guys the power have been in opposition to another force a military force it could be other militants it could be the strongest militia of the jihadist or another tribe if the case is legal then the concern is more serious in the west that there could be more clashes in the future or more mentions within the military camp at a time where the rebel seems to be on the offensive so we're going to wait and see the results of the investigations and most likely the nato command would want to be part of these investigations. more world news in brief to this hour and a memorial service is taking place in that a week since the mass ok we're all a bit of the bombing in the weeds in capital seventy six people died in the
atrocities the man who's confessed to both the massacre and bombing is being questioned for a second time by police investigators that think owned is a bit thick acted and though saying there's no evidence he's part of an anti muslim militant network. clashes have erupted in argentina as police think of it hundreds of school shows for michael heartful lance three people have been killed and dozens injured in the violence it's thought the scores of homeless and unemployed people rolled in eyes by a group that resent argentina's droplets. returning to our top story now the bailout affects not only the riches but also of the poorest members of the eurozone slovakia's economy has never been too strong it risks being crushed under the weight of the current crisis is their first reports now on whether it's your own membership is failing to live up to its promises. they say that charity starts at home also back here made you want to the poorest countries but with pressure from
the e.u. to participate in a second bailout then money could soon be going to greece. i'll tell you what joining the euro zone brought responsibilities but not benefits in fact slovakian pensions are significantly lower than dazing police people here at this home michelle to tell us they barely cover their costs with the money they receive they have to. homelessness. with corey from our pension system our health care system they never enough money. back in two thousand and nine when slovakia joined the year as a it was such high hopes it was also kind of. the preferred one among hungary and probably. or for the one from central europe to be you know in this growth club
that the year is saying it seems isn't all it was cracked up. as we joined you're of the wrong i was going through the road of one country. just this one country in may two thousand there and the rules changed dramatically days metacity area gang may well now be breathing a sigh of relief if a neighboring nonny here is a new plane she said felt the benefits slayback shoppers have been heading to bear check out in a bid to escape the year a we come just across the border from the back here to the czech republic where the superstore outlets doing i've been in business more and more people make the regular journey to do their shopping because the prices here is still being much cheaper people are now shopping outside the country so vacuous retail revenues have fallen dramatically and the high prices mean the tourism industries have been hit hard certainly not the results hopeful when they. there's joined but every club has
its leaders and what they say apparently gates even if they're the ones he got you into trouble in space used to be a crew member or the country. or. the. group of german born saw them make it possible for agreed. the world so much money to like him maybe contributing this time it's led many of days if they're saying eager to join the euro gang healing they're now simply being pushed around so if there are thieves back in france economist may be running the show but that's not france a stern warning about next debt firing line fans who are young paris developed its problems long ago but the problem is look these aren't things that have just happened suddenly i mean the french budget deficit has been in a deficit the french budget since one thousand nine hundred seventy four this is
typical of contagion we've been talking about it for weeks we have you know when you get some degree of illness and it goes through the body ultimately you have to decide when to amputate it and the truth is we should amputate it in greece from the euro zone long ago we've got the situation on which we're provincial libraries in northern germany are being closed because the money isn't there because it's being used to fund people in the mediterranean i think german voters are going to get very angry about that very very soon and i actually think the political will is not there amongst the people to endlessly keep bailing out their saw their nevers it's going to be a huge problem because ultimately the contagion is going to hit and i really do believe that after last week's events unfortunately we only entered closer to the idea of a child called euro melt on. just over twenty minutes time in news the former world number one tiger woods plans to return to gold all time injury hit the net fakhri
now for. business thanks for joining me in four days the u.s. government will run out of money the democrats and republicans are still arguing over how to cut the deficit or stalling on raising the debt ceiling and rockets still believe washington will act in time to avert disaster at the beginning to siphon. well i think we're now getting to the stage where people are really going to be concerned that a deal may not be done a lot of economists constructed from analysts start to be quite vocal in their criticism of washington saying come on guys it's time to sort it out i think a lot of nervousness. for the last minute deal i think markets will give the people be until monday or tuesday but i just think it could turn very quickly i think you could get a run in confidence very quickly. and i think you look at the markets not pressed metal prices are mixed this hour however they are still high as investors look for
a safe haven to sit on sarkozy over the u.s. debt resolution after republicans constantly vote on a deficit reduction plan trying to allow a new report from europe's biggest oil company rolled out shell time of low cost oil and gas is at an end it's has going to resources will be more complex and on more money and investment but for today at least the market is down as the problems in the u.s. chip away at best a confidence like where it is currently trading at around ninety seven dollars per barrel while brant is one hundred seventy dollars a barrel. and now looking at europe where moody's rating agency has put spain on review for a possible downgrade banking stocks are leading the fall which shares and decks it down over three percent and lloyd's is three percent in the red. mobile operator got a phone rose three point seven percent afterwards the rest are invention very zones that it was a difficult. and here in moscow the markets and raise thursday's game to the out of
his town over a percent of the stock market players followed the global uncertainty over the u.s. debt resolution let's take a look at seven digit moves on the my sex while majors are among the main losers amid weaker crude is losing over two hundred percent of banking stocks are also under pressure with bank of lost ground point three percent company reported a two and a half billion dollar met loss last year bucking the trend though is generally into raw explain a woman called her socks the sun. i says biggest lenders bad bank is one step closer to acquiring talks back international the supervisory board of the european company has approved the sale of the bank's reached agreement earlier this month but provided analysts estimate the takeover of around seven hundred million dollars would spread about planning to finalize it by. the acquisition is aimed at helping the russian company expand its activity in the eastern and market. and russian
car died after the us has turned a profit for its french shareholder a no for the first time the carmaker managed to squeeze thirty seven million euros out of its affiliate in the first half a year that compares with a fifty six million euro loss at the same time a year ago. the whole rebel group reported a fifty six percent jump and first. let's going to be pat so in the pubs for all those lovers to run out and if you notice additional planes what the government is doing to avert a repetition of the gasoline this year. because of the before you and your book there is no risk of a fuel deficit in the country we are keeping the ninety percent duty on all products exports until we meet them and we also setting up a reserve system of which was huge the reform industry plans reserve about two million tons of fuel mostly went to diesel which will help to secure the smooth